QUALCOMM's (QCOM) "Sector Perform" Rating Reiterated at Royal Bank of Canada
24 May 2017, 04:07 | Myrtle Hill
Raymond James Trust N.A.'s holdings in QUALCOMM were worth $6,886,000 at the end of the most recent reporting period.
Several other analysts have also commented on the stock. Another trade for 2,000 shares valued at $131,720 was sold by GROB MATTHEW S. ABERLE DEREK K had sold 14,990 shares worth $999,625. LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $105,000. Bank of Nova Scotia increased its stake in shares of QUALCOMM by 1,364.5% in the first quarter. Inc. raised its stake in shares of QUALCOMM by 31.2% in the first quarter. Federated Investors Inc. PA now owns 402,062 shares of the wireless technology company's stock valued at $26,214,000 after buying an additional 217,276 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in QUALCOMM by 2.0% in the third quarter. Inc. now owns 123,633 shares of the wireless technology company's stock worth $7,089,000 after buying an additional 29,422 shares in the last quarter. Hedge funds and other institutional investors own 79.28% of the company's stock.
QUALCOMM Incorporated (QCOM) has a 52-week high of $70.41 and a 52-week low of $49.56. (NASDAQ:QCOM) has "Neutral" rating given on Tuesday, September 8 by JP Morgan. The company had a trading volume of 14,223,368 shares. The stock has a market capitalization of $88.08 billion, a P/E ratio of 19.865 and a beta of 1.31.
Hall also suggested that Qualcomm's next logical step would be requesting a trade injunction against Apple's contract manufacturers but this will be complex and lengthy. (NASDAQ:QCOM). Stonebridge Capital Mngmt invested 2.45% in QUALCOMM, Inc. This is an increase of approximately 233% compared to the typical volume of 813 put options. (NASDAQ:QCOM). Fagan Assocs owns 7,465 shares. During the same quarter in the previous year, the company posted $1.04 earnings per share. Presently, it has a Return on Equity (ROE) of 11.00% and Return on Investment (ROI) of 7.80%.
The company's expected revenue in the current quarter to be 5.26 Billion, seeing a projected current quarter growth of -30.2%, and per annum growth estimates over the next 5 year period of around 10.5%. The Dana Investment Advisors Inc holds 40,559 shares with $2.15 million value, up from 33,709 last quarter. The company's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that QUALCOMM, Inc. will post $4.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.57 per share. Now it is offering a dividend yield of 3.95% and a 5 year dividend growth rate of 20.05%.
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QUALCOMM Incorporated shares increased 4.25 percent over the past week and rose 9.51 percent over the previous month. QUALCOMM Incorporated P/E (price to earnings) ratio is 19.18 and Forward P/E ratio of 14.16. If you are viewing this article on another domain, it was stolen and reposted in violation of USA and worldwide trademark and copyright laws.
Hall was referring to when Apple on April 28 decided it would not pay royalties to contract manufacturers for Qualcomm's smartphone patents, marking the latest chapter in Qualcomm and Apple's high-profile legal battle.
QCOM has been the topic of a number of other research reports. It fall, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings. The firm now has a $60.00 price target on the wireless technology company's stock. Cowen and Company dropped their price objective on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. A 11 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of BX or, if they already own its stock, sell it. There's more room for analysts to raise their ratings on BA stock, too, with seven of 16 maintaining a "hold" or worse suggestion.
Insider Trades for QUALCOMM Incorporated show that the latest trade was made on 10 May 2017 where Livermore (Ann M), the Director completed a transaction type "Buy" in which 9000 shares were traded at a price of $54.59. Following the transaction, the executive vice president now directly owns 76,246 shares in the company, valued at approximately $4,005,202.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Analysts on average have given a price target of $60.72 to QUALCOMM Incorporated stock. The disclosure for this purchase can be found here. Similarly, full-year sales forecasts have ranged between $22.28B and $23.88B.
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